The manufacturing sector contributes around 25 per cent to the overall GDP growth and has been faced with a slowdown in the last few years. The CFOs from manufacturing sector are betting big on their demands to be fulfilled, at least this time.

In an interview with ETCFO, Keki Mistry, Vice-chairman and chief executive officer of India’s top mortgage lender Housing Development Finance Corporation Ltd takes stock of the situation facing the non-bank lenders.

For companies in India, cash is king when it comes to financial management. With the Central Board of Indirect Taxes and Customs’ (CBIC) new amendment, Indian businesses can now pay State GST (SGST) using Integrated GST (IGST) credit, which will aid organisations in better cash flow management.

Independent directors are seen increasingly jumping sinking ships. What do these abrupt resignations say about the efficacy of the independent directors, discusses UK Sinha, former chairman at market regulator Securities and Exchange Board of India (SEBI).

The government is banking on gains from goods and services tax (GST) and higher recovery from bad debt that is now subject to insolvency resolution to move up the World Bank’s Ease of Doing Business rankings.

The National Company Law Appellate Tribunal (NCLAT) in its order on Monday appointed retired Karnataka high court judge A V Chandrashekhar as mediator. All the disputes between the parties is being referred to the Bangalore Mediation Centre.

A source said the ED carried out the raids after questioning several people over the past few days. Officials said more raids are in the offing. IRS officer Sushil Kumar, holding additional charge of special director of western region, has stationed himself in Mumbai since Monday to supervise the raids.

Faced with liquidity crunch after IL&FS default and with rising number of defaults, the shadow bankers are seeking a bailout in the form of a separate liquidity window. But any decision on this would require detailed discussions, sources said.

The manufacturing sector contributes around 25 per cent to the overall GDP growth and has been faced with a slowdown in the last few years. The CFOs from manufacturing sector are betting big on their demands to be fulfilled, at least this time.

In an exclusive interview to ETCFO.com, the SBI finance chief discussed the impact of the polling results on the banking sector going ahead, and shared his expectations from the new government, as and when it gets formed.

Former Sebi Chief and Senior Advisor Cyril Amarchand Mangaldas, UK Sinha comes in strong defense of the institution of the independent directors. He says the experiment of independent directors is now gaining strength, thanks to Kotak Committee recommendations, and latest judicial pronouncements holding such category of directors personally accountable.
He also expresses his concern towards the recent exodus of independent directors seen in the companies like Jet Airways, DHFL, Yes Bank etc.